41 Olympic Parade Dromana VIC 3936

4-bed brick home | 708-715sqm coastal block | scope to renovate | high privacy & gated entry The property’s primary buying case rests on its rare combination of a substantial 708-715sqm block in a coastal family zone with a single-level brick house that offers immediate liveability and significant renovation upside. The slate-tiled verandah and high privacy fencing create a protected, private setting that is uncommon for the area, giving a buyer positional leverage in a market where secure outdoor space is highly valued. This house is best suited to a family or investor seeking a long-term holding with the ability to add value through cosmetic or structural upgrades, while benefiting from Dromana’s consistent demand as a coastal lifestyle location. The principal risk is the unusually small internal building area of 24 square metres, which suggests the house may be smaller than expected for a four-bedroom home, potentially limiting immediate family use without extension. This costs the buyer the need to verify actual livable space and budget for enlargement if required. The conflicting block size and sale year data across sources introduce minor due diligence friction, but do not undermine the property’s core appeal. Commercially, the opportunity lies in renovating to lift the house’s value toward the higher end of Dromana’s median, while the block’s size offers future subdivision potential if zoning permits. Hold this property as a medium-term renovation play or a secure coastal family home.